REC Silicon

REC Silicon - Letter to REC Silicon from Hanwha

Moses Lake, Washington USA June 24, 2025: REC Silicon ASA ("REC Silicon" or

the "Company") announces the receipt of a letter from Hanwha, the Company's

largest shareholder.

In the letter, Hanwha states that its strongly believe that maintaining

continuity and stability at the board level is essential during this critical

period for REC Silicon and that the best viable path for the company is to be

taken into private ownership.

Hanwha also states that should the voluntary offer not be completed, Hanwha

may no longer be able to provide additional funding to REC Silicon.

Furthermore, it states that if any change to composition of the board that is

not supported by Hanwha takes place and the offer is not completed, Hanwha

will not provide any further loan to REC Silicon.

The letter is attached hereto.

Contacts

------------------------------------------------------------------------------

Nils O. Kjerstad

IR Contact

Phone: +47 9135 6659

About REC Silicon

------------------------------------------------------------------------------

REC Silicon is a leading producer of advanced silicon materials, delivering

high-purity silicon gases to the solar and electronics industries worldwide.

We combine over 40 years of experience and proprietary technology with the

needs of our customers. Listed on the Oslo Stock Exchange (ticker: RECSI), the

Company is headquartered in Lysaker, Norway.

For more information, go to: www.recsilicon.com

This information is subject to disclosure under the Norwegian Securities

Trading Act, §5-12. The information was submitted for publication at

2025-06-24 10:05 CEST.

AI Terminal